Oct 16, 2018   SOURCE: BusinessWire

Grey Holdings Group, Inc. Launches First-Ever Defense Technology Opportunity Zone Fund

Grey Holdings Group, is excited to announce the launch of the first-ever Opportunity Zone Fund focused primarily on Defense Technology. This groundbreaking fund is one of the first investment vehicles in the country to invest in the newly created Opportunity Zones, born out of the 2017 Tax Reform Act.

Grey Holdings Group has selected Grey Ops, an Opportunity Zone Business, as its first Defense Technology Transfer investment. According to Brian Gamble, Director of Finance for Grey Holdings Group, "The selection of Grey Ops stems from their extensive experience in licensing Defense Technologies." Gamble also noted that Grey Ops owns the licensing rights to a product called "Silent Spring." The Silent Spring product incorporates a novel Improvised Explosive Device (IED) neutralizing technology. When poured onto primary explosives, the product immediately mitigates the risk associated with explosive blasts allowing for the safe transportation and forensic testing of volatile substances. This innovative technology is critical in aiding the U.S. in its ongoing war with terrorism and protecting our war fighters.

Investors in Qualified Opportunity Zone Funds that are similar to Grey Holdings Group’s offerings can potentially take advantage of three newly developed tax benefits. These new benefits include; a deferral of current capital gains for eight years, a tax reduction of up to 15% on current gains when paid after eight years, and no capital gains taxes on appreciation of investment if held for ten years or more. Under the 2017 Tax Reform Act, investors can defer and reduce capital-gains taxes when they reinvest profits into an Opportunity Zone fund such as Grey Holdings Group's as long as the reinvestment comes within 180 days following the sale of a prior investment.

Mr. Gamble wants investors to know that “Most QOZ funds are focused on real estate, which is pretty straightforward. However, the greatest tax benefit of this program is the ten years tax-free gain. Investments in QOZ businesses will be the biggest beneficiaries because investors get the appreciation of the real estate AND the business…. TAX-FREE. This program is powerful!”

About Grey Holdings Group

Grey Holdings Group, Inc. is the holding management company for Grey Ops, LLC. The Group is also responsible for the administration and compliance of the Opportunity Zone Fund.

Authors Note: Some examples of successful technology transfer projects from the Department of Defense include the commercialization of the internet, iPhone, GPS, and duct tape.